Independent Auditor's Report on Special Verification of Abnormal Performance Before Major Asset Restructuring or Asset Disposal in Restructuring for Changzhou Zhongying Technology Co., Ltd.
Audit Report No. [2026]ZH10357
Shenzhen Stock Exchange:
We were entrusted by Changzhou Zhongying Technology Co., Ltd. (hereinafter referred to as "Zhongying Technology" or "the Company") to audit the financial statements of Changzhou Zhongying Technology Co., Ltd. for the years 2023, 2024, and 2025. We issued unqualified audit reports with report numbers [2024]ZH10094, [2025]ZH10043, and [2026]ZH10068 on April 19, 2024, April 17, 2025, and April 20, 2026, respectively.
Based on the audit of the aforementioned financial statements, we issued special reports on the summary of non-operating fund occupation and other related party capital transactions for Zhongying Technology for the years 2023, 2024, and 2025, with report numbers [2024]ZH10096, [2025]ZH10046, and [2026]ZH10058, respectively.
In accordance with the "Verification Requirements for Abnormal Performance Before Major Asset Restructuring or Asset Disposal in Restructuring" (hereinafter referred to as "Verification Requirements") in the "Guideline for Supervision Rules - Listed Companies No. 1" issued by the China Securities Regulatory Commission, we have conducted verification of relevant matters of Zhongying Technology, combining the above-mentioned audits and other related work. The verification report is as follows:
I. Normal Operation in the Past Three Years, Whether There Are Instances of Violating Fund Occupation and Violating External Guarantees
Audit Procedures:
We audited the financial statements of Zhongying Technology for the years 2023, 2024, and 2025 and issued unqualified audit reports. We issued special reports on the summary of non-operating fund occupation and other related party capital transactions of Zhongying Technology for the years 2023, 2024, and 2025.
We reviewed the independent directors' opinions on the Company's related party fund occupation and external guarantee matters in the past three years, reviewed the board of directors' or shareholders' meeting resolutions and announcements regarding external guarantees of the listed company, and consulted the official websites of the China Securities Regulatory Commission and the Shanghai Stock Exchange.
Audit Conclusion:
After verification, we found no instances of violating fund occupation or violating external guarantees by Zhongying Technology in the past three years.
II. Authenticity of Performance and Compliance of Accounting Treatment in the Past Three Years, Whether There Are Instances of Fictitious Transactions, Fabricated Profits, Transfer of Profits to Related Parties, or Manipulation of Accounting Profits to Meet or Evade Regulatory Requirements, Whether the Relevant Accounting Treatment Complies with Enterprise Accounting Standards, Whether There Are Instances of "Window Dressing" Through Abuse of Accounting Policies, Correction of Accounting Errors, or Changes in Accounting Estimates, with Particular Attention to Significant Impairment Provisions for Accounts Receivable, Inventory, and Goodwill.
(I) Authenticity of Performance and Compliance of Accounting Treatment in the Past Three Years, Whether There Are Instances of Fictitious Transactions and Fabricated Profits
We audited the financial statements of Zhongying Technology for the years 2023, 2024, and 2025 and issued unqualified audit reports.
We reviewed the major transactions and their accounting treatment of Zhongying Technology for the years 2023, 2024, and 2025, paying attention to whether there were fictitious transactions or fabricated profits, whether accounting profits were manipulated to meet or evade regulatory requirements, and whether the relevant accounting treatment complied with enterprise accounting standards.
After verification, we believe that Zhongying Technology's performance in the past three years is authentic and its accounting treatment is compliant. No instances of fictitious transactions or fabricated profits were found.
(II) Whether There Are Instances of Transfer of Profits to Related Parties